Note 8 - Accumulated Other Comprehensive Income/(Loss)

9 Months Ended

Sep. 30, 2017

Notes to Financial Statements

Comprehensive Income (Loss) Note [Text Block]

( 8 ) Accumulated Other Comprehensive Income /(Loss)

The following table

s provide the changes in AOCI by component (pension, net of tax) for the

three

months ended

September 30, 2017

and

2016:

	Foreign Currency Translation Adjustments			Pension Plans			Total
Balance as of June 30, 2017	$	(21,543	)	$	(30,743	)	$	(52,286	)
Other comprehensive income before reclassifications		7,006			-			7,006
Amounts reclassified from accumulated other comprehensive loss		-			250			250
Net current-period other comprehensive income		7,006			250			7,256
Balance as of September 30, 2017	$	(14,537	)	$	(30,493	)	$	(45,030	)

	Foreign Currency Translation Adjustments			Pension Plans			Total
Balance as of June 30, 2016	$	(25,168	)	$	(29,165	)	$	(54,333	)
Other comprehensive income before reclassifications		235			-			235
Amounts reclassified from accumulated other comprehensive loss		-			202			202
Net current-period other comprehensive income		235			202			437
Balance as of September 30, 2016	$	(24,933	)	$	(28,963	)	$	(53,896	)

The following tables provide the changes in AOCI by component

(pension, net of tax) for the

nine

months ended

September 30, 2017

and

2016:

	Foreign Currency Translation Adjustments			Pension Plans			Total
Balance as of December 31, 2016	$	(34,290	)	$	(31,230	)	$	(65,520	)
Other comprehensive income before reclassifications		19,753			-			19,753
Amounts reclassified from accumulated other comprehensive loss		-			737			737
Net current-period other comprehensive income		19,753			737			20,490
Balance as of September 30, 2017	$	(14,537	)	$	(30,493	)	$	(45,030	)

	Foreign Currency Translation Adjustments			Pension Plans			Total
Balance as of December 31, 2015	$	(25,880	)	$	(29,569	)	$	(55,449	)
Other comprehensive income before reclassifications		947			-			947
Amounts reclassified from accumulated other comprehensive loss		-			606			606
Net current-period other comprehensive income		947			606			1,553
Balance as of September 30, 2016	$	(24,933	)	$	(28,963	)	$	(53,896	)

The following tables provide the reclassifications from AOCI by component for the

three

and

nine

months ended

September 30, 2017

and

2016:

Details about AOCI Components	Three months ended September 30, 2017			Nine months ended September 30, 2017
Amortization of defined benefit pension items:
Actuarial losses	$	(355	)	$	(1,048	)
Prior service costs		(13	)		(39	)
Total before tax		(368	)		(1,087	)
Tax benefit		118			350
Net of tax	$	(250	)	$	(737	)
Total reclassification for the period	$	(250	)	$	(737	)

Details about AOCI Components	Three months ended September 30, 2016			Nine months ended September 30, 2016
Amortization of defined benefit pension items:
Actuarial losses	$	(288	)	$	(867	)
Prior service costs		(14	)		(39	)
Total before tax		(302	)		(906	)
Tax benefit		100			300
Net of tax	$	(202	)	$	(606	)
Total reclassification for the period	$	(202	)	$	(606	)

The Company recognizes net periodic benefit cost, which includes amortization of actuarial losses and gains, and prior service costs in both “Selling, general and administrative expenses” and “Cost of goods sold” in its income statement depending on the functional area of the underlying employees included in the plan.